# Council Decision of 13 July 2009 amending Decision 2009/290/EC of 20 January 2009 providing Community medium-term financial assistance for Latvia (2009/592/EC), Introduction: Introductory text

Extent: E+W+S+N.I.

Council Decision
of 13 July 2009
amending Decision 2009/290/EC of 20 January 2009 providing Community medium-term financial assistance for Latvia
(2009/592/EC)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 332/2002 of 18 February 2002 establishing a facility providing medium-term financial assistance for Member States balances of payments and in particular Article 5, second subparagraph, in conjunction with Article 8 thereof,
Having regard to the proposal from the Commission made after consulting the Economic and Financial Committee (EFC),
Whereas:
(1)
By Decision 2009/289/EC, the Council decided to grant mutual assistance to Latvia. By Decision 2009/290/EC, the Council decided to provide medium-term financial assistance for Latvia.
(2)
The scope and intensity of the financial crisis affecting Latvia calls for a revision of the economic policy conditions foreseen for the disbursement of the instalments of the Community financial assistance with a view to taking into account the fiscal effects entailed by the significant reduction of the GDP.
(3)
Decision 2009/290/EC should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:

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Source: https://www.legislation.gov.uk/eudn/2009/592/introduction (the official version)
Page: https://openlegislation.uk/eu-decision-2009-592/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.